Risk Management & Business Operations

Unconscious Bias

Automatic judgments or stereotypes that people hold without being aware of them.

Racism

Discrimination or prejudice against people based on race, often leading to unequal treatment.

Bias

A tendency to favor one person or group over another, often unfairly.

Discrimination

Unjust treatment of people based on factors like race, gender, or religion.

Prejudice

Preconceived opinions or feelings about a person or group without knowledge or experience.

Relational Risk

The risk of misunderstandings or conflicts in relationships, often in business or partnerships.

Bonding

Building a strong connection or trust between people in relationships.

Producing

Creating goods or services for consumers.

Retaining

Keeping employees, clients, or resources within a company or organization.

Transferring

Moving assets or information from one person, place, or system to another.

Preventing

Taking steps to stop something from happening.

Financial Risk

The possibility of losing money in investments or business activities.

Inventory Shrinkage

Loss of inventory due to theft, damage, or errors.

Perpetual Inventory

An inventory system where stock levels are updated continuously.

Physical Inventory

A manual count of all stock on hand, usually done periodically.

Inventory Keeping

The practice of maintaining and managing stock to meet demand.

System of Inventory

The method a business uses to track and manage its stock.